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A comment on Tether minted most USDT to just 2 firms – Alameda and Cumberland. Parent comment

Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by gdvvc on Thursday August 12, 2021 @12:05PM (#28157994)
You don't need to pay taxes.

Example: You earn $1000/month. Cost of living is $500/month, labour tax is $500/month. By using cryptocurrency you can skip tax and save up $500/month, in legit employment (labour law, worker rights protection) you save up $0/month, you work for free, hand to mouth.

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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by ceejayoz on Thursday August 12, 2021 @12:16PM (#28158131)
Don't mistake OJ getting away with murder for OJ being permitted to murder. You need to pay taxes. You're just illegally not doing so.
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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by jazzyjackson on Thursday August 12, 2021 @01:04PM (#28158800)
Or I can just get paid cash under the table, same thing
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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by hestefisk on Thursday August 12, 2021 @12:22PM (#28158221)
That presumes you get paid in crypto, not fiat.
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Re:Tether minted most USDT to just 2 firms – Alameda and Cum... by vmception on Thursday August 12, 2021 @03:57PM (#28160728)
Weird take.

If your employer is obligated to withhold taxes from you per pay period, then they can do that and still pay you the rest in stablecoins.

If your employer is not obligated to withhold taxes because you are a contractor, then not having taxes withheld has nothing to do with earning fiat or earning stablecoins.

If you are trying to avoid the record of payment by earning stablecoins, this is neither an efficient way to do it nor is it legal.

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